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NORTH AMERICAN Newsline DECEMBER 27, 2024 | The Indian Eye 20

NYC Mayor Signs Legislation To Build

Critically-Needed Housing, Address Sewer And

Flood Infrastrucutre Concerns

OUR BUREAU

NEW YORK, NY
ew York City Mayor Eric Ad-
ams has signed several pieces
Nof legislation to help build
critically-needed housing and address
infrastructure concerns regarding
sewers and flood prevention. Today’s
bill signings come after the passage
of Mayor Adams’ “City of Yes for
Housing Opportunity” proposal, the
most pro-housing zoning proposal
in New York City history. The City
of Yes proposal alone exceeds all
the housing created from rezonings
during any mayoral administration of
the last 50 years, including all of the
12 years of the Bloomberg adminis-
tration and all eight years of the de
Blasio administration.
“‘City of Yes for Housing Op-
portunity’ is a watershed moment
in our city history,” said Mayor Ad-
ams. “Thanks to our partnership with
Governor Hochul, Speaker Adams,
and the New York City Council, our
city met the moment in front of us,
passing legislation that will allow us
to build 80,000 new homes while in- finance affordable housing across the In total, the Adams administration 100,000 units of new housing across
vesting $5 billion in critically-needed five boroughs. Thank you to all who has committed a record $26 billion New York City,” said Councilmem-
infrastructure and housing. Today’s stood alongside us to say ‘yes’ to ‘City in housing capital in the current 10- ber Salamanca.
bill signing is another step in the right of Yes.’” year plan as the city faces a genera- “In my district alone, I’ve ap-
direction, but our work is far from “Planning for 80,000 more homes tional housing crisis. In July, Mayor proved over 10,000 units of 100 per-
over. Our administration will con- in New York must be done smartly Adams announced back-to-back cent affordable housing. Unfortu-
tinue the work of fighting for more — accounting for the infrastructure record-breaking years in both creat- nately, there is a sad reality. Despite
affordable housing, providing stable that turns units into complete com- ing and connecting New Yorkers to the lengthy negotiations it takes to
housing to our unhoused neighbors munities,” said Deputy Mayor for affordable housing. This past spring, approve a project, it often takes
in need, and bringing the American Operations Meera Joshi. “The pro- the city celebrated the largest 100 years for HPD to provide the nec-
Dream of owning a home closer to fessionals at DOT, DEP, DOB, and percent affordable housing project in essary project funding to facilitate
reality for more New Yorkers.” Parks are stepping up to add critical 40 years with the Willets Point trans- a development’s groundbreaking,
“With Mayor Adams signing the infrastructure and community char- formation. delaying much-needed housing in
‘City of Yes for Housing Opportuni- acter to protect and shape neighbor- Further, the Adams adminis- the process. This lack of transparen-
ty’ legislative package into law, today hoods for future generations. Today, tration is using every tool available cy is why I introduced Intro. 850-A,
marks a new chapter in our city’s as Mayor Adams signs these bills, we to address the city’s housing crisis. which would require HPD to report
effort to ensure every New Yorker do just that.” Mayor Adams announced multiple biannually when projects can expect
has a safe and affordable home,” Mayor Adams had made historic new tools, including a $4 million to receive financing as part of the
said First Deputy Mayor Maria Tor- investments toward creating afford- state grant, to help New York City agency’s twice-a-year closing peri-
res-Springer. “Thanks to Mayor Ad- able housing over the last three years. homeowners create ADUs that will od. If a project does not close within
ams’ leadership and our partnership In June, Mayor Adams agreed to not only help them to afford to re- a targeted closing cycle, HPD would
with Governor Hochul, Speaker Ad- an on-time, balanced, and fiscally-re- main in the communities they call be required to report the reasoning,
ams, and the City Council, we took sponsible $112.4 billion Fiscal Year home, but also to build generational and when a new closing date can be
decisive action to deliver affordabil- (FY) 2025 Adopted Budget with the wealth for families. expected. Mandating this informa-
ity for hard-working New Yorkers. City Council that invests $2 billion in “As the chair of the Commit- tion to be public is an important step
We are also investing $5 billion to capital funds across FY25 and FY26 tee on Land Use for the last seven in understanding how the city prior-
strengthen our infrastructure, pro- to HPD and the New York City years, I have had the privilege of itizes the development of housing
tect tenants, and bolster our ability to Housing Authority’s capital budgets. overseeing the approval of well over across New York City.”

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